Auto Industry downturn further deepens

PUNE (NEW DELHI): The Society of Indian Automobile Manufacturers (SIAM), the Apex National Body Representing Indian Automobile Industry released its retails sales figures. According to SIAM, de-growth of all segment will continues, which will hamper on vehicle industry in the country.

 

Production

 

The industry produced a total 9,724,373 vehicles including Passenger Vehicles, Commercial Vehicles, Three Wheelers, Two Wheelers and Quadricycle in April-July 2019 as against 10,883,730  in April-July 2018, registering a de-growth (-) 10.65 percent over the same period last year.

 

Domestic Sales

 

The sale of Passenger Vehicles declined by (-) 21.56 percent in April-July 2019 over the same period last year. Within the Passenger Vehicles, the sales for Passenger Cars, Utility Vehicle & Vans declined by (-) 26.45 percent, (-) 7.22 percent and (-) 30.97 percent respectively in April-July 2019 over the same period last year.

 

The overall Commercial Vehicles segment registered a decline of (-) 13.57 percent in April-July 2019 as compared to the same period last year. Medium & Heavy Commercial Vehicles (M&HCVs) declined by (-) 21.63 percent and Light Commercial Vehicles declined by (-) 8.56 percent in April-July 2019 over the same period last year.

 

Three Wheelers sales declined by (-) 7.43 percent in April-July 2019 over the same period last year. Within the Three Wheelers, Passenger Carrier sales registered a de-growth of (-) 8.02 percent and Goods Carrier declined by (-) 4.82 percent in April-July 2019 over April-July 2018.

 

Two Wheelers sales registered a de-growth of (-) 12.93 percent in April-July 2019 over April-July 2018. Within the 2-Wheelers segment, Scooters, Motorcycles and Mopeds declined by (-) 15.58 percent, (-) 11.18 percent and (-) 20.17 percent respectively in April-July 2019 over April-July 2018.

Exports

In April-July 2019, overall automobile exports grew by 1.17 percent where Passenger Vehicles and Two Wheelers exports grew by 1.34 percent and 4.83 percent respectively. However Commercial Vehicles and Three Wheelers registered a de-growth of (-) 47.30 percent, and (-) 12.80 percent respectively in April-July 2019 over the same period last year.